ORTHO PEDIX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ORTHO PEDIX
Largest movements
- Current investments +€32,458
up €32,458 (+29.7%), from €109,375 to €141,833
- Cash -€27,333
down €27,333 (-50.0%), from €54,702 to €27,369
mainly Current investments (-€32,458) and Receivables within one year (-€18,999)
- Receivables within one year +€18,999
up €18,999 (+39.5%), from €48,084 to €67,084
- Tangible fixed assets -€16,672
down €16,672 (-35.1%), from €47,485 to €30,813
of which Furniture and vehicles: -€16,163
- Reserves +€13,370
up €13,370 (+3.5%), from €383,641 to €397,011
- Gross operating margin +€5,236
up €5,236 (+19.9%), from €26,281 to €31,517
- Taxes +€3,001
up €3,001 (+76.5%), from €3,920 to €6,921
- Financial charges -€1,687
down €1,687 (-54.3%), from €3,108 to €1,421
- Financial income +€1,452
up €1,452 (+20.5%), from €7,066 to €8,518
- Depreciation -€640
down €640 (-3.7%), from €17,312 to €16,672
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,530 | €416,467 | +€9,937 | +2.4% |
| Fixed assets | 21/28 | €47,485 | €30,813 | -€16,672 | -35.1% |
| Tangible fixed assets | 22/27 | €47,485 | €30,813 | -€16,672 | -35.1% |
| Furniture and vehicles | 24 | €46,499 | €30,336 | -€16,163 | -34.8% |
| Other tangible fixed assets | 26 | €986 | €477 | -€509 | -51.6% |
| Current assets | 29/58 | €359,045 | €385,654 | +€26,609 | +7.4% |
| Amounts receivable after more than one year | 29 | €130,000 | €130,000 | = | 0.0% |
| Other amounts receivable | 291 | €130,000 | €130,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,416 | €912 | -€1,504 | -62.3% |
| Stocks | 30/36 | €2,416 | €912 | -€1,504 | -62.3% |
| Amounts receivable within one year | 40/41 | €48,084 | €67,084 | +€18,999 | +39.5% |
| Other amounts receivable | 41 | €48,084 | €67,084 | +€18,999 | +39.5% |
| Current investments | 50/53 | €109,375 | €141,833 | +€32,458 | +29.7% |
| Cash at bank and in hand | 54/58 | €54,702 | €27,369 | -€27,333 | -50.0% |
| Deferred charges and accrued income | 490/1 | €14,469 | €18,457 | +€3,989 | +27.6% |
| Total equity and liabilities | 10/49 | €406,530 | €416,467 | +€9,937 | +2.4% |
| Equity | 10/15 | €402,233 | €415,603 | +€13,370 | +3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €383,641 | €397,011 | +€13,370 | +3.5% |
| Distributable reserves | 133 | €383,641 | €397,011 | +€13,370 | +3.5% |
| Amounts payable | 17/49 | €4,297 | €864 | -€3,433 | -79.9% |
| Amounts payable within one year | 42/48 | €4,297 | €864 | -€3,433 | -79.9% |
| Financial debts | 43 | €599 | €0 | -€599 | -100% |
| Other loans | 439 | €599 | €0 | -€599 | -100% |
| Trade debts | 44 | €0 | €864 | +€864 | |
| Suppliers | 440/4 | €0 | €864 | +€864 | |
| Taxes, remuneration and social security | 45 | €3,699 | €0 | -€3,699 | -100% |
| Taxes | 450/3 | €3,699 | €0 | -€3,699 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,312 | €16,672 | -€640 | -3.7% |
| Other operating charges | 640/8 | €1,352 | €1,650 | +€298 | +22.0% |
| Gross operating margin | 9900 | €26,281 | €31,517 | +€5,236 | +19.9% |
| Operating profit (loss) | 9901 | €7,616 | €13,194 | +€5,578 | +73.2% |
| Financial income | 75/76B | €7,066 | €8,518 | +€1,452 | +20.5% |
| Recurring financial income | 75 | €7,066 | €8,518 | +€1,452 | +20.5% |
| Financial charges | 65/66B | €3,108 | €1,421 | -€1,687 | -54.3% |
| Recurring financial charges | 65 | €3,108 | €1,421 | -€1,687 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €11,575 | €20,292 | +€8,717 | +75.3% |
| Income taxes | 67/77 | €3,920 | €6,921 | +€3,001 | +76.5% |
| Profit (loss) for the period | 9904 | €7,654 | €13,370 | +€5,716 | +74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,654 | €13,370 | +€5,716 | +74.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.